Nevada Revised Statutes 88.500 – Withdrawal of limited partner
Current as of: 2023 | Check for updates
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A limited partner may withdraw from a limited partnership only at the time or upon the happening of events specified in writing in the partnership agreement.
Terms Used In Nevada Revised Statutes 88.500
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Nevada Revised Statutes 88.315
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership agreement: means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business. See Nevada Revised Statutes 88.315